Backlog GrowthShoals' backlog increased by 29% from the previous quarter.
Financial PerformanceManagement expects SG&A expenses to steady out, leading to EBITDA margin expansion driven by revenue growth.
Revenue GrowthSHLS is confident in strong top-line growth with BESS gaining traction among IPPs and hyperscalers, core OEM business performing better than expected, and expansion into Australia & LATAM driving further growth.